Marlin Business Services (MRLN) Downgraded by BidaskClub to “Hold”

Marlin Business Services (NASDAQ:MRLN) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.

MRLN has been the topic of several other reports. Zacks Investment Research lowered shares of Marlin Business Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 9th. ValuEngine lowered shares of Marlin Business Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.

Shares of MRLN opened at $26.50 on Friday. Marlin Business Services has a twelve month low of $21.15 and a twelve month high of $31.95. The stock has a market cap of $337.22 million, a price-to-earnings ratio of 17.67 and a beta of 0.91.

Marlin Business Services (NASDAQ:MRLN) last issued its earnings results on Thursday, August 2nd. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $24.13 million for the quarter, compared to analyst estimates of $24.10 million. Marlin Business Services had a net margin of 26.20% and a return on equity of 12.48%. Equities analysts anticipate that Marlin Business Services will post 2.02 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in MRLN. Schwab Charles Investment Management Inc. grew its position in shares of Marlin Business Services by 52.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 21,400 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 7,400 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Marlin Business Services in the second quarter valued at approximately $1,040,000. Bessemer Group Inc. grew its position in shares of Marlin Business Services by 19.8% in the second quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 2,000 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in shares of Marlin Business Services by 42.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 96,527 shares of the financial services provider’s stock valued at $2,881,000 after purchasing an additional 28,741 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Marlin Business Services in the second quarter valued at approximately $767,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Marlin Business Services Company Profile

Marlin Business Services Corp., through its subsidiaries, provides equipment financing solutions to small and mid-sized businesses in the United States. It finances approximately 100 categories of equipment, including commercial and industrial, restaurant, auto, medical, VOIP, and printing equipment, as well as computer software, copiers, cash registers, dental implant systems, and other commercial equipment.

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